I found Bigger Pockets by accident a year ago when looking for ways to build passive income and I've been hooked since.

I found this deal by accessing the MLS through my agent.

Eviciting non-paying tenants, full-gut rehab, found new tenants that are college grads with great jobs.

I found the deal on Zillow.

Can you share with me how you found your first mentor?

Despite being very handy, I work a FT job, I have a family and other commitments, thus my time is extremely limited and I've found that for me, it's more lucrative (mostly in the long run) to do flip-to-rents (using the BRRRR method) on the side (and keeping my full time W2 job). 

Hi @Theodore Arzt yes sometimes they have a property manager or the owners wife, so the name wont match on the town records.Usually the ones that are this sketchy from the start don't make it through to the end like you found out.The rental market in Connecticut slows down a bit this time of year.Is your rental priced competitively? 

From some info I've found, I suspect that the borrower is renting out, not owner-occupying the home, and at this rate, I expect they should have good positive cash flow each month. 

Home Possible is 95% LTV, as compared to FHA's 97% LTV, but with the added benefits of beginning with a conventional loan (no mortgage insurance for life of the loan, as opposed to FHA), having a stronger offer, no self sufficiency equation, plus less strict standards for home condition that can kill the value-add ambitions you had with your FHA.Recently there were other changes with this program that makes it an even better product, and the only person on this whole forum who seems to be catching it is @Chris Mason who has written about it herehttps://www.biggerpockets.com/forums/517/topics/42...and herehttps://www.biggerpockets.com/forums/49/topics/609...I just wanted to point that out as you get into it because if I hadn't found this product I'm not sure if I'd even have a house hack right now.  

This is a good article I found on HELOC.https://www.wisepiggy.com/credit_tutorial/mortgage...Best,Tim